123ABC_UK_LIMITED - Accounts

123ABC UK LIMITED - Company Information

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Company Registration No. SC408121 (Scotland)

123ABC UK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

123ABC UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

123ABC UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

45,082

53,286

Investments

100

45,182

53,386

Current assets

Stocks

240,123

200,938

Debtors

4,639

7,013

Cash at bank and in hand

12,774

4,874

257,536

212,825

Creditors: amounts falling due within one year

(178,747)

(147,009)

Net current assets

78,789

65,816

Total assets less current liabilities

123,971

119,202

Creditors: amounts falling due after more than one year

(63,452)

(66,328)

Provisions for liabilities

(9,016)

(8,735)

51,503

44,139

Capital and reserves

Called up share capital

100

Profit and loss account

51,403

44,039

Shareholders' funds

51,503

44,139

123ABC UK LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 November 2016

Mr A Hammond

Director

Company Registration No. SC408121

123ABC UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

20% Reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Stock

Stock is valued at the lower of cost and net realisable value after due allowance for obsolete and slow moving items.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

123ABC UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015 & at 31 March 2016

68,041

100

68,141

Depreciation

At 1 April 2015

14,754

Charge for the year

8,205

At 31 March 2016

22,959

Net book value

At 31 March 2016

45,082

100

45,182

At 31 March 2015

53,286

100

53,386

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Kids123ABC Limited

Scotland

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Kids123ABC Limited

Property Rental & Management

100

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £68,749 (2015 - £45,859).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £63,452 (2015 - £66,328).

123ABC UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100